Woo “Together with Monte-Carlo SBM from the Principality of Monaco and our Japanese partners”
Galaxy Entertainment Group has moved to reassert its commitment to a Japanese IR development, assuring that firm is ready to adjust even if the Japanese government brings in changes to the timeline of IR development.
Lui Che Woo, chairperson of GEG, explained: “We continue to make progress with our international expansion plans. We do acknowledge that timelines for Japan may be impacted by the worldwide pandemic of COVID-19, however we can adjust accordingly, and we remain committed to our Japan expansion plans. Our Japan based team continues with our Japan development efforts even as they deal with the COVID-19 crisis.
In last week’s Letter from the Chairman posting Q2 2020 results, the Japan IR development update added: “We view Japan as a great long-term growth opportunity that will complement our Macau operations and our other international expansion ambitions. GEG, together with Monte-Carlo SBM from the Principality of Monaco and our Japanese partners, look forward to bringing our brand of World Class IRs to Japan.
“We look forward to updating you next quarter and reporting our progress accordingly. Again, we would like to express our appreciation of our staff for being supportive of our Company and we encourage everyone to take caution of their personal hygiene and remain well during this period of time.”
Galaxy Entertainment Group (“GEG” or the “Group”) is one of the world’s leading resorts, hospitality and gaming companies. It primarily develops and operates a large portfolio of integrated resort, retail, dining, hotel and gaming facilities in Macau. The Group is listed on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index.
GEG is one of the three original concessionaires in Macau with a successful track record of delivering innovative, spectacular and award-winning properties, products and services, underpinned by a “World Class, Asian Heart” service philosophy, that has enabled it to consistently outperform the market in Macau. GEG operates three flagship destinations in Macau: on Cotai, Galaxy Macau™, one of the world’s largest integrated destination resorts, and the adjoining Broadway Macau™, a unique landmark entertainment and food street destination; and on the Peninsula, StarWorld Macau, an award winning premium property.
